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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Jim McMannis who wrote (246987)8/22/2005 4:07:59 PM
From: Tenchusatsu  Read Replies (1) | Respond to of 1571759
 
Jim, After all the treasury is missing out on $50-100 billion a year in tax revenue while the gulf between the haves and have nots gets wider by the day and the economic crushing it would take to straighten it out gets more drastic by he day.

Of course the treasury makes up for it with the inflated housing prices and the funny money being pumped into the economy thanks to homwowners cashing in. Not sure how this will "correct" itself. Inflation?

Tenchusatsu



To: Jim McMannis who wrote (246987)8/22/2005 10:10:21 PM
From: SilentZ  Read Replies (2) | Respond to of 1571759
 
But that cut benefitted a lot of people in the lower and middle classes, unlike the capital gains and dividend tax cuts that this administration has been pushing.

-Z


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